Mainfreight shares rise on strong result
The Auckland-based company recorded a net profit of $137.6 million.
The Auckland-based company recorded a net profit of $137.6 million.
Mainfreight delivers strong half-year result and 22c interim dividend.
It may only be August but many chief executives are getting to play Santa Claus.
Record profit has led to a record bonus payout for Mainfreight staff.
Mainfreight embarking on big investment based on its faith in Bay's future.
Finance Minister say employers are very concerned.
Mainfreight chief Don Braid has called time on the Government's leadership
Bulging Auckland schools will get 41 new classrooms costing $21 million.
Mainfreight, the transport and logistics group, posted a 16pc gain in full-year profit.
Mainfreight, the transport and logistics group, said two women, Kate Parsons and Sue Tindal, will join the company as non-executive directors starting on January 1.
Freight companies are turning to sea to deliver goods to the South Island in the wake of the week's earthquake.
Mainfreight managing director Don Braid says he will take on more trucks and ships in the lead-up to what he expects to be record
Mainfreight posted a 27 per cent gain in profit as margins improved in New Zealand, Australia, Asia and Europe.
Mainfreight chair Bruce Plested says taking the heat out of the housing market and paying teachers better can fix economic and social problems.
Mainfreight reported a 6.3 percent gain in full-year profit as improved trading in New Zealand.
Mainfreight co-founder Neil Graham has died, aged 71 - just days after talking of Rugby World Cup plans.
Mainfreight's big competitors, including European giants DHL and Kuehne + Nagel, are increasingly giving up market share to the NZ firm as its global clout increases.
Mainfreight expects annual profit to rise as much as 7.1 per cent on revenues in excess of $2 billion.
Senior New Zealand public servants' and chief executives' total collective pay is at the lowest level in six years.
Mainfreight shares, which have jumped by a third this year, fell after it posted first-half earnings that disappointed some investors.
Check out a snapshot of some of the stellar performers on the New Zealand sharemarket this year, as it surged ahead breaking new records.
Almost a quarter of New Zealand executives think top-level managers' pay packets are out of kilter with reality, a survey suggests.
An Auckland woman who admitted stealing nearly $4.5 million from the transport company she worked for has been sentenced to over four years' jail.